New Articles

Dachser Logistics Urges Proactive Preparations for Brazilian Holiday

Dachser Logistics Urges Proactive Preparations for Brazilian Holiday

Leading global logistics provider, Dachser, released information this week for industry players on how to prepare for Carnival – known as the Brazil’s lengthiest and most important holiday.
In addition to the vast importance the holiday holds, many businesses are known to pause operations for the celebration, which is known to last as long as 10 days for some regions in the country. Businesses such as airports, ports, roads, tolls and hotels are all part of the list that are directly impacted by the holiday.

“Businesses should plan their logistics strategy well in advance of the holiday. We review the critical steps with our colleagues at Dachser Brazil in detail to make sure our customers’ supply chains continue to run without major interruptions,” explains Vincent Touya, Managing Director Dachser USA.
Of the most important actions to take into consideration, Dachser released the list below in an effort to help other businesses with preparations. Primary themes include communication and proactivity.
For example, creating an inventory well stocked throughout the duration of the holiday and booking shipments sooner than later. Dachser also stresses the importance of looping in logistics providers of priority shipments to ensure space is available. Taking these steps ensure your supply chain goes uninterrupted.
Source: BSY Associates

LET’S COUNT THE WAYS 3PLS ADD VALUE TO YOUR COMPANY’S WAREHOUSING AND DISTRIBUTION PROCESSES

Growing pains aren’t just for new businesses. As any experienced business leader will tell you, even a well-established business will run up against its share of challenges from time to time. One such challenge is often inventory management, or more specifically how to process that inventory in a timely and cost-effective manner. That’s where third-party-logistics, or 3PLs, come in.
Third-party logistics is the outsourcing of any logistics services, from shipping to warehousing and distribution. But how can outsourcing help your business? After all, it’s just going to cost more money, right? Not necessarily—and even when it does, that investment is usually money well spent.
If you’re curious about how 3PLs can add value to your company’s warehousing and distribution processes, here are some of the top reasons you should consider switching operations to one.

They help alleviate those growing pains

Having a 3PL provider host your warehousing and distribution options allows businesses of all sizes to grow without worrying about one of the most crucial aspects of growth: inventory. By transporting inventory from ports or domestic manufacturers to the warehouse or straight to your business, 3PLs save you time, labor and even the ability to expand without physically expanding your site. On the flipside, are you ready to scale back on seasonal inventory? Warehousing with a 3PL will allow you to eliminate unneeded or unwanted space without having to pay for extra overhead you no longer need.
An added bonus? Working with a 3PL provider can help generate income, because thanks to an expanded delivery network, your products can reach more customers in more places, and at a faster speed than in-house logistics may be capable of.
This efficiency means that seasonal items arrive in season, trendy items arrive before the trend is over.

Less investment

Yes, 3PLs are an investment in your inventory management processes, but that investment is often significantly less costly than investing in your own logistics operations. When you outsource to a 3PL, you eliminate the need for manpower, vehicles, storage overhead, tracking and inventory software—and the list goes on.
For one generally-lower rate, you benefit from the expertise of 3PL professionals who know what they’re doing because it’s all they do. That’s at least five fewer headaches for you and your business.
But saving money isn’t the only major savings using a 3PL provider can afford you. It also saves your time—time you could be using to focus on running your business. Third-party logistics providers are more efficient at what they do, so you can be more efficient at what you do.

They offer value-added services

With many 3PLs, your warehousing doesn’t just end at shipping and storing. Third-party logistics providers often offer far more than just the basics and can customize the services to your individual business needs. Plus, with a recent push toward VIP and a la carte services, there has never been a better time to work with a 3PL provider.
These programs allow you to tailor your logistics package to your business’ individual needs—trimming unnecessary services and replacing them with services that can really benefit your business. Examples of VIP services include priority loading and unloading at the ports, rush delivery and more.

Less technology

Since when is less technology a good thing? When it costs your business tens of thousands of dollars to purchase additional logistics software to help with the logistics and inventory process. Why spend your own money when a 3PL provider already has cutting edge software that likely works more efficiently than any software your business would need to invest in?
But there’s more because once you get that brand-new logistics system, you must then train your workers to use it—another issue you won’t run into with a 3PL provider. Using a 3PL affords you the luxury of hitting the ground running with a business that lives and breathes exactly what you need. After all, what’s the point of operating your own logistics if it doesn’t make your business run more efficiently or even slows productivity?
Another perk to relying on your 3PL’s tracking software is better visibility for your customers, who can track their orders as those orders move along the supply chain.

Better transparency

Along with leaving the inventory management technology to the experts, switching to a 3PL usually offers you more accurate tracking information about the status of your inventory. This is because most 3PL operations have better shipment tracking software. This allows the business customer to access real-time information about the status of their product from ship to port to warehouse and on to the end user; all the tracking information you need is right at your fingertips, without having to check each stage with multiple providers or invest in costly logistics software.
It can be nerve-wracking to hand over the reins of your logistics operations to an outsourced, third-party provider, especially if you’ve been handling your logistics operations in-house. But when you’re doing business with experts in the industry, the cost of switching operations to a 3PL usually outweighs the risk.
All of this for less money than bringing your logistics in-house? It seems too good to be true, but the proof is in the numbers.
Think of it this way: Outsourcing your logistics operations to a third-party provider is a lot like those sale sites where the more people buy in, the lower the price goes. But instead of driving down the cost of a vacation, your money is pooled with other businesses who use the same 3PL, driving down the cost for everyone. All this for the expertise of professionals whose hands-on approach allows you to remain as hands-off as you want to be and focus on what’s really important: your business.

DHL Supply Chain Recognized by Top Employers Institute

Contract logistics market leader DHL Supply Chain received multi-faceted recognition from the Top Employers Institute including praise for their outstanding human resources policy and taking the spot for Top Employer on the international stage in Spain, Portugal, the Netherlands, UK, Canada, USA, Brazil and China.

“We are delighted to be awarded as a Top Employer for the third year in a row. This certification demonstrates that our efforts to create a sustainable HR strategy at DHL Supply Chain are paying off,” said Rob Rosenberg, Global Head of Human Resources at DHL Supply Chain. “Especially in the field of contract logistics, a motivated and well-trained workforce is key to offering customers optimal solutions. Which is why we take a proactive and multi-layered approach to both attracting and retaining employees. And this approach is proving successful, as shown by this renewed certification from the Top Employers Institute.”

This year’s Top Employer certification established the third year in a row the company has been recognized. Additionally, the company received high recognition for Leadership Development, Career & Succession Management and Learning & Development.

“Talent is the most critical piece in meeting our customers’ ever-changing needs and exceeding their expectations,” said Tim Sprosty, Senior Vice President of Human Resources at DHL Supply Chain North America. “That is why we place such a strong emphasis on creating a quality work environment that enables our employees’ success and promotes operational excellence. It is central to our culture, and we’re proud to accept this recognition for our continued efforts.”

Source: DHL

Global Supply Chain Logistics: An Expert Perspective

From automation to careful planning, implementing a successful logistics strategy goes beyond simply choosing the next big name in technology platforms. When done the right way, robust logistics strategies have the ability to create a life-long customer network while extending company values and reputation, as seen with CN – a leader in North American Transportation and Logistics. The company boasts an impressive 20,000 route-miles rail network in Canada and the U.S. Led by a vision that goes beyond North American parameters, the team continuously works towards building an internationally recognized company that values commitment to customers while delivering the highest quality value to shareholders. Through CN’s multidimensional approach, the company prides itself on fully integrated services that connect ports on three coasts.
Senior Vice-President of Consumer Product Supply Chain Growth Keith Reardon explains what sets CN apart from the others, identifying key differentiators found within the company’s operations.
“Number one is for us as a key differentiator is our scope and scale, our network. We are blessed to have the network that we do,” Reardon said. “We are the only railroad that covers all three coasts of North America, all the way from Halifax to Prince Rupert, Vancouver down to the Gulf Coast.”
The company boasts an extensive century-long history of providing customers, shareholders, employees, and partners with the highest quality supply chain services, setting the bar higher with each successful initiative and expanding its network through proactive efforts, rather than last-minute reactive measures.
“Because we saw it very early on, we’ve been involved in having people and boots on the ground in Asia for years. One of the things that we pride ourselves on is listening to our customers, having boots on the ground whether there’s an issue or opportunity. We go first hand to find out what’s going on,” Reardon explains.
CN attributes much of its success to proactively learning about market potential at a granular level, vetting problems and areas of improvement while building valuable relationships with key executives in and around the industry, and finding value in diversification. Beyond understanding regional opportunities, CN creates an example of gauging market predictions on a short-term and long-term scale, developing a strong competitive advantage in the industry.
“That’s why we have people positioned in Asia to understand the market, to understand the players, and gain some credibility as well. I think that if you’re doing business with people face-to-face, you’re going to get more out of it, you’re going to have a better relationship when things might not be going so well. There’s going to be that relationship to hang on to, to weather the storm so to speak, and we’ve been able to do that,” added Reardon. “I think that’s another reason our global trade is doing so well, because we’ve been able to weather the storm. It also gives us a very diverse portfolio of business.”
In addition to its extensive market reach and developing robust industry relationships, CN takes efforts one step further by partnering with companies that provide added value and resources that align with their vision and future business goals. In October 2018, CN announcedit had agreed to acquire of one of the largest and oldest transportation companies in Canada, The TransX Group of Companies.
“This strategic acquisition allows CN to deepen its supply chain focus, strengthening our exceptional franchise, including our intermodal business, notably in the specialized, fast-growing refrigerated segment,” commented president and chief executive officer of CN, JJ Ruest. “This alignment creates a solid framework to serve a growing consumer economy with transportation options that bring more supply chain flexibility to our customers.”
This acquisition, which is pending regulatory approval, provides a multidimensional benefit to the company and its customers, supporting one of the key differentiators found within the CN business model of valuing customers just as much as the company’s success. CN executives recognized the added value and talent TransX offered and carefully considered how much impact these elements would bring to each business initiative. The acquisition idea comes from an extensive business relationship CN and TransX created spanning more than two decades.
“We are acquiring talent. They are a very talented company and well run with a lot of people that have exceptional capabilities from an operating standpoint and also sales and marketing. They will give us more tools in our toolkit, so to speak. We are adding, again to that optionality for the customer,” Reardon explains. “The other thing is, they have been customers of ours for 25 years, so they understand us, and we understand them. It should be a very easy integration. We will keep them as a stand-alone entity, but there is always the second commercial integration. We get along so well that we thought it was a perfect fit.”
Going back to the theme of valuable relationships, CN works hard to navigate the best strategies that benefit all participants, all while continuing the expansion of services and company reach. Leaders at CN take a holistic approach while evaluating what areas have potential for additional growth and what areas need improvement from a marketing and sales perspective.
“TransX has over-the-road trucking and they have LTL – they’re a big player in the LTL business. We don’t offer LTL service (but) we are now hoping (to)to be able to offer (LTL) to (customers who need it), Reardon said. “They also have customs brokerage service, which we do too, but their customs brokerage service is geared towards a different clientele and different products, so again, we are adding more capabilities in what we can do.”
Whether your company goals are to increase sales and marketing, improve operations, or build on longstanding, valuable industry relationships, following the model and strategies CN continues to implement are exemplary and imperative to substantial growth. The company serves as an industry example of how to navigate an evergreen market while strengthening reach beyond North America. CN will undoubtedly continue to extend operations well into 2019, proving that to create a successful business empire, companies must go deeper than technology integration.

Keith Reardon was appointed Senior Vice-President, Consumer Product Supply Chain Growth, in August 2018, based in Toronto. He is responsible for the execution and expansion of CN’s intermodal and automotive businesses, leading the commercial teams and non-rail operations in his supply chains, and adapting all last-mile services for customers. Mr. Reardon oversees all aspects of the company’s domestic and international intermodal and automotive activities, as well as freight forwarding services in North America and Asia, and CN’s regional sales groups.
Prior to his appointment, he had been Vice-President of Intermodal and Automotive since January of 2017. In 2012, Mr. Reardon was named Vice-President of Intermodal Services. In 2009, Mr. Reardon was appointed Vice-President of Supply Chain Solutions, where he was responsible for the Automotive and Iron Ore business units and CN’s non-rail transportation services including transloading, freight forwarding and warehousing, just to name a few. He also directed many supply chain and business development initiatives for CN – working closely with CN customers and partners. Previously, he was Assistant Vice-President of CN Transloading Operations, where he managed more than 80 CN-owned warehousing and distribution facilities.
Passionate about logistics, Mr. Reardon has more than 25 years of experience in the field; he also held senior positions with outside firms in the world of logistics for a number of years. Mr. Reardon holds a Bachelor of Arts degree in Marketing and an MBA from the University of North Florida.
 
 

Tigers’ Global Presence Increased with New Sales Team

International supply chain and logistics company, Tigers, continues furthering its global presence through the designation of four new sales representatives. The new sales team will cover the Asia-Pacific, South Africa, Europe, and North American regions while supporting the company’s efforts to keep up with the recent increase in customer demand.
“Following the successful global expansion of Tigers and the launch of SmartHub:Connect in 2018, the new global sales team will raise the profile of Tigers on the international market as we continue to grow,” said Andrew Jillings, Chief Executive Officer at Tigers. “It is an exciting time for Tigers as we embrace disruptive digital technology in order to provide our customers with end-to-end visibility through customizable solutions.”
Covering the Geneva region is Regional Director for Global Sales Christian Bonnet. He brings with him fashion and apparel and e-commerce specializations. APAC Regional Sales Director Paul Huang brings with him expertise in international freight management and e-commerce, as seen with his previous tenure over Tigers’ China organisation.
Chicago-based Vice President of Growth, Amber Braband, will focus primarily on the Americas region while Johannesburg-based General Manager of Sales, Sean Gothe, will invest his efforts towards growth in sub-Saharan Africa.
“The representatives are based in key locations across four continents, and as we continue to expand our e-commerce and digital technology platform, they will lead the strategic growth focus in this arena.” said Jillings.
Source: Tigers 

Apparel Textile Sourcing Miami 2019 to Set Stage for New Era in Retail Ecosystem

From May 28-30, US and Latin American apparel industry professionals — from buyers to sellers throughout the B2B and B2C supply chain — will converge at the Mana Wynwood Conference Center in Miami for the industry leading Apparel Textile Sourcing Miami (ATSM) show.

The event — originally scheduled to take place a week earlier — has revised its dates to take place alongside North America’s No. 2 fashion event, Miami Fashion Week, bringing to Miami an unprecedented opportunity for industry professionals to benefit first-hand from the latest developments transforming the fashion industry from design to production.

Launched in 2018, ATSM is returning to Miami double in size, connecting attendees with a wider variety of sourcing partners, product categories and service providers, and delivering a world-class seminar speaker roster. With ATSM and Miami Fashion Week now occurring on the same dates just a few blocks away from each other, it is expected that more than 12,000 industry professionals will be in South Florida during this time.

“The overwhelming response of the show is a reflection of the success of last year’s event as well as a market need for apparel and textile professionals to adapt to changing trade realities and keep up with the future of the industry,” said Jason Prescott, CEO of JP Communications, producer of the show and publisher of North America’s leading of business to business trade platforms TopTenWholesale.com and Manufacturer.com.

Apparel and textile trends

In addition to experiencing the latest fashion production trends first hand, ATSM visitors will learn about the key role cyberspace is now playing in the sourcing ecosystem and how eCommerce, which was once a topic confined to retail businesses, must now be understood and implemented by suppliers and SAAS businesses throughout the entire sourcing supply, show organizers said.

Attendees will have opportunities for Q&A with speakers and panelists on the subjects of B2B omni-channel marketing, dropshipping, B2B2C software solutions, near-shoring and reshoring, cross-border eCommerce for factories and online retailers, and more to be announced.

New show sections announced

ATSM 2019 has announced the launch of a dedicated Footwear Pavilion, a Technical Textiles section and live demonstrations of state-of-the-art machinery. As robotic automation in manufacturing is increasingly adopted, the ability to produce merchandise at lower cost will allow microbrands to add more design seasons to their collections and new designers to enter the market.

ATSM is supported by manufacturers and industry partners across the globe, including the China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT), the largest textile and apparel trade agency in both China and the world.

Global Supply Chain Logistics: An Expert Perspective

From automation to careful planning, implementing a successful logistics strategy goes beyond simply choosing the next big name in technology platforms. When done the right way, robust logistics strategies have the ability to create a life-long customer network while extending company values and reputation, as seen with CN – a leader in North American Transportation and Logistics. The company boasts an impressive 20,000 route-miles rail network in Canada and the U.S. Led by a vision that goes beyond North American parameters, the team continuously works towards building an internationally recognized company that values commitment to customers while delivering the highest quality value to shareholders. Through CN’s multidimensional approach, the company prides itself on fully integrated services that connect ports on three coasts.

Senior Vice-President of Consumer Product Supply Chain Growth Keith Reardon explains what sets CN apart from the others, identifying key differentiators found within the company’s operations.

“Number one is for us as a key differentiator is our scope and scale, our network. We are blessed to have the network that we do,” Reardon said. “We are the only railroad that covers all three coasts of North America, all the way from Halifax to Prince Rupert, Vancouver down to the Gulf Coast.”

The company boasts an extensive century-long history of providing customers, shareholders, employees, and partners with the highest quality supply chain services, setting the bar higher with each successful initiative and expanding its network through proactive efforts, rather than last-minute reactive measures.

“Because we saw it very early on, we’ve been involved in having people and boots on the ground in Asia for years. One of the things that we pride ourselves on is listening to our customers, having boots on the ground whether there’s an issue or opportunity. We go first hand to find out what’s going on,” Reardon explains.

CN attributes much of its success to proactively learning about market potential at a granular level, vetting problems and areas of improvement while building valuable relationships with key executives in and around the industry, and finding value in diversification. Beyond understanding regional opportunities, CN creates an example of gauging market predictions on a short-term and long-term scale, developing a strong competitive advantage in the industry.

“That’s why we have people positioned in Asia to understand the market, to understand the players, and gain some credibility as well. I think that if you’re doing business with people face-to-face, you’re going to get more out of it, you’re going to have a better relationship when things might not be going so well. There’s going to be that relationship to hang on to, to weather the storm so to speak, and we’ve been able to do that,” added Reardon. “I think that’s another reason our global trade is doing so well, because we’ve been able to weather the storm. It also gives us a very diverse portfolio of business.”

In addition to its extensive market reach and developing robust industry relationships, CN takes efforts one step further by partnering with companies that provide added value and resources that align with their vision and future business goals. In October 2018, CN announcedit had agreed to acquire of one of the largest and oldest transportation companies in Canada, The TransX Group of Companies.

“This strategic acquisition allows CN to deepen its supply chain focus, strengthening our exceptional franchise, including our intermodal business, notably in the specialized, fast-growing refrigerated segment,” commented president and chief executive officer of CN, JJ Ruest. “This alignment creates a solid framework to serve a growing consumer economy with transportation options that bring more supply chain flexibility to our customers.”

This acquisition, which is pending regulatory approval, provides a multidimensional benefit to the company and its customers, supporting one of the key differentiators found within the CN business model of valuing customers just as much as the company’s success. CN executives recognized the added value and talent TransX offered and carefully considered how much impact these elements would bring to each business initiative. The acquisition idea comes from an extensive business relationship CN and TransX created spanning more than two decades.

“We are acquiring talent. They are a very talented company and well run with a lot of people that have exceptional capabilities from an operating standpoint and also sales and marketing. They will give us more tools in our toolkit, so to speak. We are adding, again to that optionality for the customer,” Reardon explains. “The other thing is, they have been customers of ours for 25 years, so they understand us, and we understand them. It should be a very easy integration. We will keep them as a stand-alone entity, but there is always the second commercial integration. We get along so well that we thought it was a perfect fit.”

Going back to the theme of valuable relationships, CN works hard to navigate the best strategies that benefit all participants, all while continuing the expansion of services and company reach. Leaders at CN take a holistic approach while evaluating what areas have potential for additional growth and what areas need improvement from a marketing and sales perspective.

“TransX has over-the-road trucking and they have LTL – they’re a big player in the LTL business. We don’t offer LTL service (but) we are now hoping (to)to be able to offer (LTL) to (customers who need it), Reardon said. “They also have customs brokerage service, which we do too, but their customs brokerage service is geared towards a different clientele and different products, so again, we are adding more capabilities in what we can do.”

Whether your company goals are to increase sales and marketing, improve operations, or build on longstanding, valuable industry relationships, following the model and strategies CN continues to implement are exemplary and imperative to substantial growth. The company serves as an industry example of how to navigate an evergreen market while strengthening reach beyond North America. CN will undoubtedly continue to extend operations well into 2019, proving that to create a successful business empire, companies must go deeper than technology integration.

Keith Reardon was appointed Senior Vice-President, Consumer Product Supply Chain Growth, in August 2018, based in Toronto. He is responsible for the execution and expansion of CN’s intermodal and automotive businesses, leading the commercial teams and non-rail operations in his supply chains, and adapting all last-mile services for customers. Mr. Reardon oversees all aspects of the company’s domestic and international intermodal and automotive activities, as well as freight forwarding services in North America and Asia, and CN’s regional sales groups.

Prior to his appointment, he had been Vice-President of Intermodal and Automotive since January of 2017. In 2012, Mr. Reardon was named Vice-President of Intermodal Services. In 2009, Mr. Reardon was appointed Vice-President of Supply Chain Solutions, where he was responsible for the Automotive and Iron Ore business units and CN’s non-rail transportation services including transloading, freight forwarding and warehousing, just to name a few. He also directed many supply chain and business development initiatives for CN – working closely with CN customers and partners. Previously, he was Assistant Vice-President of CN Transloading Operations, where he managed more than 80 CN-owned warehousing and distribution facilities.

Passionate about logistics, Mr. Reardon has more than 25 years of experience in the field; he also held senior positions with outside firms in the world of logistics for a number of years. Mr. Reardon holds a Bachelor of Arts degree in Marketing and an MBA from the University of North Florida.

 

 

IF DAYS COUNT, HOW ABOUT HOURS? 2019 BANKING INDUSTRY OUTLOOK

Last year got off to an energetic start. It’s been a year now and how memories can fade, but economic growth worldwide was intensifying in January, advancing at a steady clip, and then … clunk. China, Japan, the Eurozone economies and the United Kingdom all began to weaken. The U.S. kept it moving but despite its acceleration, world markets continued to contract and pundits are now predicting a slowdown from 3.2 percent growth in 2018 to 3.0 percent in 2019.

With that said, however, the global banking system finds itself in one of its best positions in more than a decade. While recovery from the financial crisis has not been consistent across regions, total assets (per The Banker’s Top 1,000 World Banks Ranking for 2018) ascended to $124 trillion and return on assets (ROE) posted an impressive 0.90 percent. Banks in the U.S. have returned to health much more quickly thanks to forceful policy interventions and prudent regulatory measures. Total U.S. bank assets coming into 2019 hover in the $17.5 trillion range and efficiency ratios are posting new highs.

Within the larger transportation, logistics and supply chain management arena, banks and their ancillary collaborators play a critical role in financing a complex system of moving parts and players. Innovation is critical and for 2019 the banking outlook will be defined in large part by further technological developments and closer collaboration between actors.

Blockchain

We’ve been hearing about blockchain for a while now, but 2019 is poised to be a breakthrough moment for blockchain in the banking sector, with a notable focus on supply-chain management. Close to every major company worldwide runs enterprise resource planning (ERP) and supply chain management software. Yet, there are still some antiquated, human elements mixed in which make it difficult for firms to take full advantage of the technology. Global supply chains are giant ecosystems, with hundreds if not thousands or tens of thousands of moving parts, all trying to work together from a financial perspective to either achieve financing, transfer funds or get paid. Efficiency is at an all-time high, which means delivery times have been shortened and are putting pressure on middlemen (banks) to process funding for all transactional entities.

Blockchain has the potential to accelerate payment processing time and reduce transaction costs. According to an Accenture survey, “nine in 10 executives said their bank is currently exploring the use of blockchain.” Instead of relying on a central intermediary that would need to be negotiated with, managed and shared around the world, blockchains synchronize transactions and data across a shared network where everything is transparent and open to those on the network.

This last point is critical, however, as blockchain and distributed ledgers are only as valuable as the shared network they sit upon. Expect more integrated collaboration across countries with not only banks but financial technology companies (FinTechs) to arrive at a backbone in 2019 with which to underpin the system.

FinTech Collaboration

Mentioned earlier, FinTechs have exploded due to the ever-increasing integration of trade across borders. In earlier times, certain FinTechs concentrated their collaboration with individual banks, but 2019 is opening the door to a wider, broader banking ecosystem where FinTechs are developing and bringing to the table innovative technology—such as robotics, artificial intelligence and machine learning—to the collective table.

FinTechs make sense for banks as banks desire one thing: the best ROE they can achieve. In 2016, EY reported the largest 200 global banks reported average ROE of 7.1 percent. To get to 12 percent, for example, those same banks would need to increase revenues by roughly 15 percent and reduce their costs by just under 14 percent. FinTechs help banks streamline, drive down costs and enhance customer service. This is going to be front and center in 2019 and for years to come.

At the moment, approximately 12 percent of European supply chain finance programs are managed via FinTech platforms. The statistic in North America is not much different and while this figure perhaps will not double by the end of the year, the cooperation between FinTechs and banks will become much more pronounced.

Artificial Intelligence

Lastly, AI. Hardly confined to the financial sector, AI is revolutionizing how nearly every sector of the economy works. From virtual assistants such as Amazon’s Alexa to chatbots, at an individual level Accenture reports that 37 percent of U.S. consumers by the end of last year will have owned a digital voice assistance device. This has been spilling over into banking in a multitude of ways.

Customer service automation, especially vital across countries, languages and within supply chains, is resolving client issues at a fraction of the price as opposed to a real person. Autonomous predicted that AI could result in $450 billion in financial sector savings by 2030. In a similar vein, machine learning is integrating and analyzing data from multiple databases to arrive at a more holistic, 360-degree view of the customer or firm, which results in highly personalized products and services uniquely tailored per group. Behavioral data, credit and savings products and goals of the organization or person (personal goals) are shared and analyzed accordingly.

While not commonly associated with AI, fraud prevention and overall security will also be big issues for the banking sector moving into 2019. In this regard, AI is proving to be of excellent assistance with its unique ability to run through hoards of data and identify patterns that would otherwise elude the human eye. McAfee notes that cybercrime costs the world economy approximately $600 billion. AI can detect fraud in real time, providing banking and FinTech entities, as well as their customers and ancillary suppliers, information on the spot that could be disastrous if not managed correctly. With AI alone, Mastercard reduced “false declines” for its customers by 80 percent.

This year will likely see more radical banking changes as compared to 2018. As the world economy continues to work through some bumps and bruises, expect the banking outlook to be rosier.

Cold Chain Packing and Peli Biothermal To Exhibit at Arab Health

Global leader in temperature controlled packaging, Peli Biothermal will join distributor partner, Cold Chain Packing in exhibiting shipper solutions at Arab Health in Dubai to support Middle Eastern expansion efforts. This event is known for being one of the largest exhibitions in the world. Products scheduled for feature include Peli Biothermal’s CoolPall™ Flex system as well as is Crēdo™ Cargo.

“We are pleased to present our high-performing products and services at Arab Health alongside Saudi Arabia based Cold Chain Packing. Together we will be sharing our collective industry insight, knowledge and extensive expertise.

Differentiating features from Coolpall Flex system includes payload efficiency on aircraft, specifically for restrictive cargo spaces. Crēdo™ Cargo ensures and provides protection of globally transported life science and pharmaceutical payloads.

“With healthcare expenditure in the Gulf Cooperation Council (GCC) projected to reach US$104.6 billion by 2022, this region is a significant key growth area for Peli BioThermal, where our superior systems and products provide protection for pharma payloads in a region renowned for its temperature challenges,” Director of Sales EMEA at Peli BioThermal, Paul Terry, said. “The show’s substantial size allows us to showcase our shipper solutions and services to thousands of delegates, demonstrating our ongoing commitment to the region and collective capabilities to meet customers’ increasing requirements in this area.”

Spectators at the conference are encouraged to inquire about the company’s full product portfolio.

Source: Peli Biothermal 

 

Shipping Compliance Primary Focus in Labelmaster Partnership

In an effort to support globally compliant shipping of dangerous goods while advocating for safety within the global supply chain, Labelmaster has entered into a strategic partnership with partners from both The Dangerous Goods Office Limited and Viking Packing. All three companies share a similar background in handling dangerous goods and providing packing and shipping logistics solutions.

Dangerous goods shipping is complex and challenging, making it important for shippers to have the right resources and processes in place,” said Leach. “The partnership of The Dangerous Goods Office and Viking Packing with Labelmaster presents a tremendous opportunity to help companies shipping dangerous goods establish safe and compliant practices and identify process gaps that put their global supply chain at risk.”

Geoff Leach, principal of United Kingdom-based The Dangerous Goods Office Limited, brings with him over 30 years of experience including his position as head of the CAA’s Dangerous Goods Office. Dave Weilert, president of Viking Packing, brings with him industry knowledge and matchless leadership skills that boast a historical partnership with Leach in the past leading to the formation of The Dangerous Goods Office Ltd.

“In addition to the consulting support and industry expertise Geoff will provide, Viking Packing will work to supplement Labelmaster’s packaging solutions to deliver even greater value to its customers.”

Labelmaster President Alan Schoen concluded:

“The risk associated with shipping and handling dangerous goods is greater than ever; unfortunately, many organizations put their company’s operational efficiency, competitive agility, reputation and bottom line at risk by not having the necessary knowledge, infrastructure and training to ensure compliance across the supply chain. Partnering with The Dangerous Goods Office Ltd and Viking Packing supports our commitment to helping our customers simplify the complexities of DG transport by offering the industry’s best packaging, services and guidance to handle and ship hazmat in a safe, compliant and efficient manner.”

Source: Labelmaster